First Internet Bank

A premier provider of online banking services nationwide, First Internet Bank of Indiana opened for business in 1999 as the first state-chartered, FDIC-insured institution to operate solely via the Internet. With customers in all 50 states, First Internet Bank offers consumers services including checking, savings, money market, health savings, certificates of deposit and IRA accounts as well as consumer loans, residential mortgages, residential construction loans and home equity products. For commercial clients, it provides commercial real estate loans, commercial and industrial loans and treasury management services. The bank is a wholly owned subsidiary of First Internet Bancorp (NASDAQ: INBK).
Company Growth (employees)
Type
Public
HQ
Fishers, US
Founded
1999
Size (employees)
192 (est)+27%
First Internet Bank was founded in 1999 and is headquartered in Fishers, US

First Internet Bank Office Locations

First Internet Bank has an office in Fishers
Fishers, US (HQ)
11201 USA Pkwy

First Internet Bank Financials and Metrics

First Internet Bank Financials

First Internet Bank's revenue was reported to be $19.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

19.5 m

Gross profit (Q1, 2017)

13.6 m

Gross profit margin (Q1, 2017), %

70%

Net income (Q1, 2017)

2.8 m

EBIT (Q1, 2017)

10.4 m

Market capitalization (20-Oct-2017)

244.1 m

Cash (31-Mar-2017)

53.1 m
First Internet Bank's current market capitalization is $244.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

25.5 m38.4 m51.6 m73 m

Revenue growth, %

50%34%41%

Cost of goods sold

10.7 m19.2 m

Gross profit

40.9 m53.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

9.2 m9.9 m12.3 m12.6 m12.9 m15.2 m17.7 m20.4 m19.5 m

Cost of goods sold

2.2 m2.3 m2.4 m2.6 m2.7 m3.6 m4.7 m5.1 m5.9 m

Gross profit

7 m7.6 m9.9 m10 m10.2 m11.7 m13.1 m15.2 m13.6 m

Gross profit Margin, %

76%77%80%80%79%77%74%75%70%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

53.7 m28.3 m25.2 m39.5 m

Accounts Receivable

2.9 m2.8 m4.1 m13.6 m

Inventories

1.3 b

PP&E

7.1 m7.1 m8.5 m10 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

20.6 m39.6 m39.6 m30.6 m20.6 m100.9 m70 m67.8 m53.1 m

Accounts Receivable

807.2 m868.9 m1 b

Inventories

1.1 b1.2 b1.4 b

PP&E

7.1 m7.1 m7 m8.1 m8.5 m8.5 m9.3 m10.1 m9.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.6 m4.3 m8.9 m12.1 m

Depreciation and Amortization

2.3 m1.9 m1.9 m3.8 m

Accounts Receivable

(708 k)

Cash From Operating Activities

41.5 m2 m10.9 m26.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

977 k1.3 m2.1 m2.3 m2.3 m2.4 m2.8 m3.1 m2.8 m

Accounts Receivable

2.7 m2.8 m3 m3.6 m3.6 m4.5 m5.5 m5.8 m6.9 m

Accounts Payable

96 k82 k104 k108 k112 k108 k138 k125 k148 k
USDY, 2017

Revenue/Employee

128.4 k

Financial Leverage

13 x
Show all financial metrics

First Internet Bank Operating Metrics

First Internet Bank's Total Loans Issued was reported to be $1.7 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

432

Total Loans Issued

$732.43 m$767.68 m$814.24 m$876.58 m$953.86 m$1.04 b$1.11 b$1.2 b$1.25 b$1.43 b$1.7 b

Non-accrual Loans

$235 k$246 k$188 k$196 k$167 k$172 k$5.63 m$1.13 m$1.08 m$3.41 m$3.09 m

Non-performing Loans

$296 k$246 k$188 k$206 k$167 k$367 k$5.64 m$1.13 m$1.08 m$3.41 m$3.44 m
Show all operating metrics

First Internet Bank Market Value History

Traffic Overview of First Internet Bank

First Internet Bank Online and Social Media Presence

First Internet Bank Company Life and Culture

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